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Singapore's Equatorial emerges as buyer of UE Star

A Universal Energy bunker tanker that had been arrested has turned up in the fleet of Singapore-based Equatorial Marine Fuel Management.

Sold at auction in April, the 4,000-dwt UE Star (built 2014) is now trading under the name Sea Loyalty, according to the IHS database.

The purchase gives Equatorial a fleet of 12 bunker tankers.

The ship was last operated by Universal Energy, which was one of Singapore’s largest bunker suppliers until it was barred from trading by the Maritime & Port Authority of Singapore (MPA) late last year.

The MPA refused to renew Universal's licence, saying the company had accumulated demerit points for delivering severely aerated bunkers, otherwise known as the cappuccino effect.

Another bunker tanker operated by Universal Energy, the 7,000-dwt UE Sapphire (built 2012), has also been sold. IHS indicates that its ownership was transferred to Fratelli Cosulich this past February, and its name changed to Patrizia Cosulich.

The UE Sapphire was registered directly to Universal Energy. It was not arrested at the time the company shut down and its sale was handled as part of the company’s court-appointed liquidation.

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Singapore's Equatorial emerges as buyer of UE Star

A Universal Energy bunker tanker that had been arrested has turned up in the fleet of Singapore-based Equatorial Marine Fuel Management.

Sold at auction in April, the 4,000-dwt UE Star (built 2014) is now trading under the name Sea Loyalty, according to the IHS database.

The purchase gives Equatorial a fleet of 12 bunker tankers.

The ship was last operated by Universal Energy, which was one of Singapore’s largest bunker suppliers until it was barred from trading by the Maritime & Port Authority of Singapore (MPA) late last year.

The MPA refused to renew Universal's licence, saying the company had accumulated demerit points for delivering severely aerated bunkers, otherwise known as the cappuccino effect.

Another bunker tanker operated by Universal Energy, the 7,000-dwt UE Sapphire (built 2012), has also been sold. IHS indicates that its ownership was transferred to Fratelli Cosulich this past February, and its name changed to Patrizia Cosulich.

The UE Sapphire was registered directly to Universal Energy. It was not arrested at the time the company shut down and its sale was handled as part of the company’s court-appointed liquidation.